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Business

CVS, Walgreens announce opioid settlements totaling $10B

The two largest U.S. pharmacy chains, CVS Health and Walgreen Co., announced agreements in principle Wednesday to pay about $5 billion each to settle lawsuits nationwide over the toll of opioids, and a lawyer said Walmart, a third pharmacy behemoth, is in discussions for a deal. The ...

Fed unleashes another big rate hike but hints at a pullback

WASHINGTON (AP) — The Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time to fight high inflation but hinted that it could soon reduce the size of its rate hikes. The Fed’s move raised its key short-term rate to a range ...

Musk took over Twitter. Then some users began testing chaos

NEW YORK (AP) — Confusion, concern, conspiracies, celebration. In the hours after Elon Musk took control of Twitter, reaction on the platform ranged from triumph to despair. While no immediate policy changes had been announced by Friday afternoon, that didn’t stop users from cheering ...

Auto prices finally begin to creep down from inflated highs

DETROIT (AP) — All summer long, Aleen Hudson kept looking for a new minivan or SUV for her growing passenger shuttle service. She had a good credit rating and enough cash for a down payment. Yet dealerships in the Detroit area didn’t have any suitable vehicles. Or they’d demand she pay ...

Putin scrambles to boost weapons production for Ukraine war

KYIV, Ukraine (AP) — Russian President Vladimir Putin, facing military production delays and mounting losses, urged his government Tuesday to cut through bureaucracy to crank out enough weapons and supplies to feed the war in Ukraine, where a Western-armed Ukrainian counteroffensive has set ...

Renters face charging dilemma as U.S. cities move toward EVs

PORTLAND, Ore. (AP) — Stephanie Terrell was excited to join the wave of drivers adopting electric vehicles when she bought a used Nissan Leaf this fall. But Terrell encountered a bump in the road on her journey to clean driving: As a renter, she doesn’t have a place to plug in overnight, ...